NOT LISTED FOR SALE

5155 S Croatan Hwy Nags Head, NC 27959

Estimated Value: $1,926,000 - $2,227,000

8 Beds
10 Baths
4,858 Sq Ft
$434/Sq Ft Est. Value

Last Sold August 10, 2022

Last sale price $2,000,000 $412 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $11,861/month

16 Days on Market

Highlights

  • Ocean View
  • Cabana
  • Second Refrigerator
  • Home Theater
  • 0.48 Acre Lot
  • Coastal Architecture

About This Home

As of August 2022

Welcome to Tradewinds 6! This luxury oceanside home is the prime example of luxury at the beach. This investment home leaves nothing to be desired. With its high end finishings and prime location this home demands high rents and a packed season year after year. Located in the heart of Nags Head in the Elliot Estates development, this premiere 8-bedroom, 8-bathroom home includes all the lavish amenities and unparalleled comfort. The outdoor space is like no other. From the spacious sun decks with views to the resort style pool area with a hot tub & tiki bar, this outdoor oasis is perfect for entertaining friends and family. The outdoor area also includes outdoor gaming and of course and outdoor shower. If you have had enough sun and wish to enjoy those OBX evenings in the shade, you can do so on one of the covered decks. Inside will not disappoint either! The large gourmet kitchen will please the pickiest of chefs and allow for socializing with the open concept reverse floor plan. The huge eat at bar and massive dining tables gives renters plenty of space for everyone. After a long day at the beach, retire to one of the 8 bedrooms where you will find Kingsdown mattress amongest high end furnishings throughout. If you desire to venture out, this home is located in the heart of Nags Head where you will find amazing restaurants, shopping, and of course a very short walk across to the ocean. Luxury amenities, plenty of space to truly stretch and relax, and a short walk to the beach...Tradewinds 6 is the perfect investment property. Another bonus is the lot size, leaving open opportunity.

Last Agent to Sell the Property

Caroline Basnight

Basnight Realty License #222115 Listed on: 06/25/2022

Last Buyer's Agent

Stephanie Walker

Stephanie Walker and Associates License #110099

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,860

Year Built

  • Built in 2017

Lot Details

  • 0.48 Acre Lot
  • Corner Lot

HOA Fees

  • $54 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Wood Shingle Roof
  • Lap Siding

Interior Spaces

  • 4,858 Sq Ft Home
  • Elevator
  • Wet Bar
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Electric Fireplace
  • Window Treatments
  • Home Theater
  • Game Room
  • Ceramic Tile Flooring
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Ice Maker
  • Second Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Cabana
  • In Ground Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Sun Deck
  • Covered Deck
  • Patio
  • Tiki or Chickee Hut

Utilities

  • Heat Pump System
  • Municipal Utilities District Water

Community Details

  • Village Realty Association
  • Vil Nh Elliott Estates Subdivision

Listing and Financial Details

  • Tax Lot 25

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,860

Year Built

Built in 2017

Lot Details

0

HOA Fees

$54 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Coastal
  • Extras: Cabana, Ceiling Fan(s), Covered Decks, Elevator, Hot Tub, Patio, Smoke Detector(s), Sun Deck, Tiki Bar
  • Flood Zone: AE
  • Headline: Luxury NH Investment
  • Heated Sq Ft: 4858
  • L V T Date: 06/26/2022
  • Sale/Rent: For Sale
  • Waterfront Location: 2 - lots from oceanfront (3rd row
  • Zoning: r
  • Deed Book Pg Number: 0778
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Major Subdivision: Village at Nags Head
  • Newpoint Media: Yes
  • Office License Number: C26996
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 8
  • Countertops: Granite
  • Floor Coverings: Ceramic Tile, Vinyl Tile
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Dryer Connection, Pantry, Some Windows Treated, Washer Connection, Wet Bar, Electric Fireplace
  • Optional Rooms: Game Room, Home Theater
  • Partial Bathrooms: 2

Exterior Features

  • Exterior: Lap Siding
  • Pool: Yes
  • Pool: Private
  • Pool Type: Outdoor, In Ground, Private Pool
  • Roof: Wood Shingles
  • View: Ocean

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Water: Municipal

Condo/Co-op/Association

  • Association Fee: Yes
  • Estimated Annual Fee: 650
  • Hoa Contact: Village Realty
  • HOA Contact: Village Realty

Lot Info

  • Estimated Lot Sq Ft: 21000
  • Lot Description: Corner
  • Lot Number: Lot25
  • Estimated Lot Size: 0.48
  • Deed Book: 2182

Rental Info

  • Lease Terms: Weekly
  • Rental Co: Resort Realty

Building Info

  • Year Built: 2017

Tax Info

  • Year: 2021
  • Taxes: 4860.34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2022
Closed on
Aug 5, 2022
Sold by
Alexander Bradford D and Alexander Sharon O
Bought by
Bergeron Bendicion Llc
Seller's Agent
Caroline Basnight
Basnight Realty
Buyer's Agent
Stephanie Walker
Stephanie Walker and Associates
List Price
$2,200,000
Sold Price
$2,000,000
Premium/Discount to List
-$200,000
-9.09%
Current Estimated Value
$2,108,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,829
Avg. Annual Appreciation
1.74%

Purchase Details

Closed on
Apr 28, 2016
Sold by
Bartlett Forrest L
Bought by
Alexander Bradford D and Alexander Sharon O

Purchase Details

Closed on
May 25, 2011
Sold by
Whelan Matthew A
Bought by
Bartlett Forrest L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bergeron Bendicion Llc $2,000,000 Sharp Graham Baker & Varnell L
Alexander Bradford D $150,000 None Available
Bartlett Forrest L $138,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alexander Bradford D $675,000
Previous Owner Bartlett Forrest L $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2022 08/10/22 Sold $2,000,000 -9.1% $412 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
06/25/2022 06/25/22 For Sale $2,200,000 -- $453 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,065 $1,178,200 $294,000 $884,200
2023 $4,065 $1,213,568 $294,000 $919,568
2022 $4,860 $1,213,568 $294,000 $919,568
2021 $8,410 $1,213,568 $294,000 $919,568
2020 $4,860 $1,213,568 $294,000 $919,568
2019 $4,881 $1,001,300 $258,400 $742,900
2018 $4,881 $1,001,300 $258,400 $742,900
2017 $921 $195,900 $195,900 $0
2016 $842 $195,900 $195,900 $0
2014 $1,365 $195,900 $195,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 119457

Outer Banks Association of REALTORS®

APN: 027839079